This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $55,251 initial cash invested.
-13.75%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$2,009
Rent
-$633
Cashflow
Cash Flow
$2,009 income − $2,642 expenses = $633 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,251
Downpayment
20%
$52,620
Closing costs
1%
$2,631
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$2,642
Mortgage P&I
72%
$1,450
Property Taxes
29%
$574
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0